JHS SVENDGAARD RETAIL VENTURES LIMITED CIN: L52100HR2007PLC093324
Revisions to Explanatory Statement
1. Objects of the Preferential Issue
The company provided detailed utilization plans for proceeds from the issue of Fully Convertible Warrants:
Utilization Breakdown (assuming 100% conversion of warrants):
- Business Expansion: ₹2,06,56,000 (2.07 crore) for establishing new retail and B2B business segments across apparels, FMCG, entertainment, media, and allied businesses
- Strategic Investments and Acquisitions: ₹4,13,13,000 (4.13 crore) for acquiring businesses, assets, brands, intellectual property through investments in group companies via loans, advances, intercorporate deposits, equity, or other financial instruments
- General Corporate Purpose: ₹2,06,56,000 (2.07 crore) (not exceeding 25% of total amount raised)
Timeline for Utilization: Funds to be utilized within 36 months from receipt of funds.
2. Shareholding Pattern Correction
Point No. V, Page No. 17 under "Notes" was corrected to state that the "post-shareholding structure includes the deemed conversion of 89,91,357 fully convertible warrants issued on September 27, 2024 and March 05, 2025, to Promoter and Non-Promoter Group categories."
The original text incorrectly referred to "pre-shareholding structure" which has been corrected to "post-shareholding structure."
Availability
The corrigendum has been made available on the company's website (www.jhsretail.com), NSDL website (www.evoting.nsdl.com), and stock exchange websites (www.bseindia.com, www.nseindia.com).